WC1: West Cobar Metals Ltd 2026 Annual report
Original announcement by asx on
- Company
- West Cobar Metals Limited
- Ticker
- WC1
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Scandium
- Secondary commodities
- Rare earth elements, Gallium, Titanium dioxide, Alumina, Copper, Antimony, Silver, Gold
- Document categories
- Resource update, Metallurgy, Other, Drill results
- Extracted
- 2026-09-29 15:37:25 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
West Cobar Metals Limited's 2026 Annual Report provides an overview of its critical mineral and precious metal projects, primarily re-stating previously announced resource estimates and metallurgical testwork results. Key updates include JORC-compliant resource estimates for scandium, rare earth elements, gallium, titanium dioxide, and alumina at the Salazar Project, and a polymetallic copper-antimony-silver resource at Bulla Park. The report also highlights metallurgical recoveries for REE at Salazar and for copper, antimony, and silver at Bulla Park, alongside historical drilling results from the Mystique and Fraser Range projects. The company reported an increased net loss for the year but a significantly improved cash balance.
Reasoning: The 2026 Annual Report provides a comprehensive summary of the company's activities, but all operational highlights, including resource estimates, metallurgical results, and drill intercepts, are re-statements of previously announced information, leading to low novelty. Financial results show an increased loss but a stronger cash position.
Positive factors
- Comprehensive overview of project portfolio
- Positive metallurgical recoveries for Bulla Park
- Increased cash balance
Negative factors
- All operational updates are re-statements of prior announcements
- Increased net loss for the year
- Acquisition of Baxter Fluorspar Project failed due to due diligence issues
- Going concern uncertainty noted by auditors
Facts used in scoring: 17
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The scandium resource is classified as Inferred, indicating lower geological confidence.
Evidence · text
“Scandium: 15 Mt at 153 ppm Sc₂O₃ (Inferred)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The scandium resource is a re-statement of a prior announcement from October 2024.
Evidence · text
“Scandium: 15 Mt at 153 ppm Sc₂O₃ (Inferred)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The rare earth elements resource includes an Inferred component, indicating lower geological confidence.
Evidence · text
“Rare earth elements: 230 Mt at 1,178 ppm TREO (Indicated and Inferred)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The rare earth elements resource is a re-statement of a prior announcement from October 2024.
Evidence · text
“Rare earth elements: 230 Mt at 1,178 ppm TREO (Indicated and Inferred)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: A portion of the rare earth elements resource is classified as Indicated, providing reasonable geological confidence.
Evidence · text
“including 44 Mt at 1,229 ppm TREO (Indicated)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The rare earth elements (Indicated) resource is a re-statement of a prior announcement from October 2024.
Evidence · text
“including 44 Mt at 1,229 ppm TREO (Indicated)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The titanium dioxide resource is classified as Inferred, indicating lower geological confidence.
Evidence · text
“Titanium dioxide: 42 Mt at 5.2% TiO₂ (Inferred)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The titanium dioxide resource is a re-statement of a prior announcement from October 2024.
Evidence · text
“Titanium dioxide: 42 Mt at 5.2% TiO₂ (Inferred)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The gallium resource is classified as Inferred, indicating lower geological confidence.
Evidence · text
“Gallium: 263 Mt at 35 ppm Ga₂O₃ (Inferred); 8”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The gallium resource is a re-statement of a prior announcement from January 2026.
Evidence · text
“Gallium: 263 Mt at 35 ppm Ga₂O₃ (Inferred); 8”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade of 20 ppm Ga is clearly stated for the gallium resource.
Evidence · text
“using a 20 ppm Ga cut-off.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The alumina resource is classified as Inferred, indicating lower geological confidence.
Evidence · text
“Alumina: 4 Mt at 29.7% Al₂O₃ (Inferred).”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The alumina resource is a re-statement of a prior announcement from October 2024.
Evidence · text
“Alumina: 4 Mt at 29.7% Al₂O₃ (Inferred).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The current JORC (2012) Mineral Resource Estimates include:”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“Competent Person: Mr Serik Urbisinov”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork is described as 'initial' and 'preliminary', subject to optimization and scale-up, implying bench-scale.
Evidence · text
“Initial sulphuric acid leaching achieved up to 69% TREE+Y extraction, with consistent response between the two ore types. These results are preliminary and remain subject to optimisation and scale-up through column leach testing.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The metallurgical testwork results are a re-statement of a prior announcement from March 2026.
Evidence · text
“Initial sulphuric acid leaching achieved up to 69% TREE+Y extraction”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The copper resource is classified as Inferred, indicating lower geological confidence.
Evidence · table
“0.30”
Context: 20
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The copper resource is a re-statement of a prior announcement from April 2025.
Evidence · table
“0.30”
Context: 20
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade of 0.21% Cu is clearly stated for the Bulla Park resource.
Evidence · text
“reported at a 0.21% Cu cut-off.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The Mineral Resources for the Bulla Park deposit were reported by West Cobar in accordance with ASX Listing Rule 5.8 and the JORC Code (2012 edition)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“(Competent Person: Mr Jeremy Clark)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The antimony resource is classified as Inferred, indicating lower geological confidence.
Evidence · table
“0.10”
Context: 20
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The antimony resource is a re-statement of a prior announcement from April 2025.
Evidence · table
“0.10”
Context: 20
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade of 0.21% Cu is clearly stated for the Bulla Park resource.
Evidence · text
“reported at a 0.21% Cu cut-off.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The Mineral Resources for the Bulla Park deposit were reported by West Cobar in accordance with ASX Listing Rule 5.8 and the JORC Code (2012 edition)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“(Competent Person: Mr Jeremy Clark)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The silver resource is classified as Inferred, indicating lower geological confidence.
Evidence · table
“4.7”
Context: 20
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The silver resource is a re-statement of a prior announcement from April 2025.
Evidence · table
“4.7”
Context: 20
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade of 0.21% Cu is clearly stated for the Bulla Park resource.
Evidence · text
“reported at a 0.21% Cu cut-off.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC (2012) compliant.
Evidence · text
“The Mineral Resources for the Bulla Park deposit were reported by West Cobar in accordance with ASX Listing Rule 5.8 and the JORC Code (2012 edition)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate is signed off by a Competent Person as per JORC Code.
Evidence · text
“(Competent Person: Mr Jeremy Clark)”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The copper recovery of 94.6% is above the exceptional band for flotation (92%).
Evidence · text
“recoveries of 94.6% Cu”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork is described generally without specifying scale, implying bench-scale.
Evidence · text
“Metallurgical testwork has demonstrated recoveries of 94.6% Cu, 84.1% Sb and 82.6% Ag”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The metallurgical testwork results are a re-statement of a prior announcement from April 2025.
Evidence · text
“recoveries of 94.6% Cu”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork is described generally without specifying scale, implying bench-scale.
Evidence · text
“Metallurgical testwork has demonstrated recoveries of 94.6% Cu, 84.1% Sb and 82.6% Ag”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The metallurgical testwork results are a re-statement of a prior announcement from April 2025.
Evidence · text
“84.1% Sb”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork is described generally without specifying scale, implying bench-scale.
Evidence · text
“Metallurgical testwork has demonstrated recoveries of 94.6% Cu, 84.1% Sb and 82.6% Ag”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The metallurgical testwork results are a re-statement of a prior announcement from April 2025.
Evidence · text
“and 82.6% Ag”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“1m at 2.05 g/t Au from 30m”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from November 2025.
Evidence · text
“1m at 2.05 g/t Au from 30m”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“1 m at 1.23 g/t Au from 40m”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from November 2025.
Evidence · text
“1 m at 1.23 g/t Au from 40m”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from November 2025.
Evidence · text
“MTA018, returning 0.12 g/t Au”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from November 2025.
Evidence · text
“MTA010 and MTA060, returning 0.12 g/t Au, 0.25 g/t Au”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from November 2025.
Evidence · text
“and 0.60 g/t Au respectively.”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“27m at 102 ppm Sc₂O₃”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“27m at 102 ppm Sc₂O₃”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“2.23% TiO₂ from 171m;”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“2.23% TiO₂ from 171m;”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“117m at 3.31% TiO₂”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“117m at 3.31% TiO₂”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“47ppm Sc₂O₃ from 15m;”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“47ppm Sc₂O₃ from 15m;”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“27m at 718 ppm TREO from 27m”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“27m at 718 ppm TREO from 27m”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“9m at 1,037 ppm TREO from 45m;”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“9m at 1,037 ppm TREO from 45m;”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“36m at 546 ppm TREO from 27m”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“36m at 546 ppm TREO from 27m”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“3m at 1,101 ppm TREO from 27m;”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“3m at 1,101 ppm TREO from 27m;”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“6m at 4.40% TiO₂”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“6m at 4.40% TiO₂”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The intercept is given as downhole width with no true width or drill orientation, meaning apparent width may overstate true thickness.
Evidence · text
“and 873 ppm TREO from 6m.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The drill results are a re-statement of a prior announcement from August 2025.
Evidence · text
“and 873 ppm TREO from 6m.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 17. Some facts used in scoring do not have a stored record.
Drill Results (4)
MTA060mystique · goldGrade: 0.6Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MTA060
- Project
- mystique
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WC1
Geometry
- Grade
- 0.6
- Grade Unit
- g/t
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated low-grade gold anomaly from a bottom-of-hole sample, indicating presence of gold but at sub-economic levels.
Negative factors
- Low gold grade
Evidence · text
“and 0.60 g/t Au respectively.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OBNRC001fraser range · scandiumGrade: 47Grade Unit: ppm Sc₂O₃Intercept: 117 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OBNRC001
- Project
- fraser range
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WC1
Geometry
- Grade
- 47
- Grade Unit
- ppm Sc₂O₃
- Intercept
- 117 m
- From
- 15 m
- To
- 132 m
- Intercept Depth
- 15 m
Classification
- Sample Type
- drill
- Group ID
- OBNRC001:15-132
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-08-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated scandium intercept from RC drilling over a significant width, indicating presence of critical minerals, but only apparent thickness reported.
Positive factors
- Long intercept width
Negative factors
- Apparent width only
Evidence · text
“and 47ppm Sc₂O₃ from 15m;”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
GMGRCP001fraser range · titanium dioxideGrade: 4.4Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- GMGRCP001
- Project
- fraser range
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WC1
Geometry
- Grade
- 4.4
- Grade Unit
- %
- Intercept
- 6 m
- From
- 6 m
- To
- 12 m
- Intercept Depth
- 6 m
Classification
- Sample Type
- drill
- Group ID
- GMGRCP001:6-12
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-08-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated titanium dioxide intercept from RC drilling over a narrow width, indicating mineralization, but only apparent thickness reported.
Negative factors
- Apparent width only
Evidence · text
“GMGRCP001: 6m at 4.40% TiO₂”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
GMGRCP001fraser range · rare earth elementsGrade: 873Grade Unit: ppm TREOIntercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- GMGRCP001
- Project
- fraser range
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WC1
Geometry
- Grade
- 873
- Grade Unit
- ppm TREO
- Intercept
- 6 m
- From
- 6 m
- To
- 12 m
- Intercept Depth
- 6 m
Classification
- Sample Type
- drill
- Group ID
- GMGRCP001:6-12
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-08-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated rare earth elements intercept from RC drilling over a narrow width, indicating mineralization, but only apparent thickness reported.
Negative factors
- Apparent width only
Evidence · text
“and 873 ppm TREO from 6m.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (9)
inferredsalazar · scandiumTonnes: 15000000Grade: 153Grade Unit: ppm Sc₂O₃Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a70c1e39ed2657f6eea0
Resource Data
- Category
- inferred
- Tonnes
- 15000000
- Grade
- 153
- Grade Unit
- ppm Sc₂O₃
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-08T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for scandium shows no change from the prior estimate, indicating geological potential but with lower confidence for economic evaluation.
Evidence · text
“Scandium: 15 Mt at 153 ppm Sc₂O₃ (Inferred)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredsalazar · rare earth elementsTonnes: 230000000Grade: 1178Grade Unit: ppm TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c019ff3939ff479769fe
Resource Data
- Category
- inferred
- Tonnes
- 230000000
- Grade
- 1178
- Grade Unit
- ppm TREO
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-08T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated combined Indicated and Inferred Mineral Resource for rare earth elements, indicating significant tonnage but with a substantial inferred component.
Evidence · text
“Rare earth elements: 230 Mt at 1,178 ppm TREO (Indicated and Inferred)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedsalazar · rare earth elementsTonnes: 44000000Grade: 1229Grade Unit: ppm TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fe72080e7bc6f2fac586
Resource Data
- Category
- indicated
- Tonnes
- 44000000
- Grade
- 1229
- Grade Unit
- ppm TREO
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-08T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Indicated Mineral Resource for rare earth elements, providing a higher confidence portion of the overall resource.
Evidence · text
“including 44 Mt at 1,229 ppm TREO (Indicated)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredsalazar · titanium dioxideTonnes: 42000000Grade: 5.2Grade Unit: % TiO₂Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ec299ee3e159c3674811
Resource Data
- Category
- inferred
- Tonnes
- 42000000
- Grade
- 5.2
- Grade Unit
- % TiO₂
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-08T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for titanium dioxide, adding another critical mineral to the project's potential.
Evidence · text
“Titanium dioxide: 42 Mt at 5.2% TiO₂ (Inferred)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredsalazar · galliumTonnes: 263000000Grade: 35Grade Unit: ppm Ga₂O₃Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- gallium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2aa07a45e0478d2adef0
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 35
- Grade Unit
- ppm Ga₂O₃
- Cutoff Grade
- 20
- Cutoff Unit
- ppm Ga
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated initial Inferred Mineral Resource for gallium, highlighting its potential as a by-product within the existing mineralized envelope.
Positive factors
- Gallium identified as potential by-product
Evidence · text
“Gallium: 263 Mt at 35 ppm Ga₂O₃ (Inferred); 8”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredsalazar · aluminaTonnes: 4000000Grade: 29.7Grade Unit: % Al₂O₃Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- alumina
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:e74dc2629305cf4cefa6
Resource Data
- Category
- inferred
- Tonnes
- 4000000
- Grade
- 29.7
- Grade Unit
- % Al₂O₃
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-08T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for alumina, adding to the critical minerals suite at the project.
Evidence · text
“Alumina: 4 Mt at 29.7% Al₂O₃ (Inferred).”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredbulla park · copperTonnes: 20000000Grade: 0.3Grade Unit: %Contained Metal: 60000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:88105736bcd716a43214
Resource Data
- Category
- inferred
- Tonnes
- 20000000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 60000
- Contained Unit
- t
- Cutoff Grade
- 0.21
- Cutoff Unit
- % Cu
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for copper at Bulla Park, forming part of a polymetallic resource with disclosed contained metal and metal equivalent assumptions.
Positive factors
- Contained metal for copper disclosed
Evidence · table
“0.30”
Context: 20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredbulla park · antimonyTonnes: 20000000Grade: 0.1Grade Unit: %Contained Metal: 20000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- antimony
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:88105736bcd716a43214
Resource Data
- Category
- inferred
- Tonnes
- 20000000
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 20000
- Contained Unit
- t
- Cutoff Grade
- 0.21
- Cutoff Unit
- % Cu
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for antimony at Bulla Park, contributing to the polymetallic resource with disclosed contained metal and metal equivalent assumptions.
Positive factors
- Contained metal for antimony disclosed
Evidence · table
“0.10”
Context: 20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredbulla park · silverTonnes: 20000000Grade: 4.7Grade Unit: g/tContained Metal: 3Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:88105736bcd716a43214
Resource Data
- Category
- inferred
- Tonnes
- 20000000
- Grade
- 4.7
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- moz
- Cutoff Grade
- 0.21
- Cutoff Unit
- % Cu
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated Inferred Mineral Resource for silver at Bulla Park, adding to the polymetallic resource with disclosed contained metal and metal equivalent assumptions.
Positive factors
- Contained metal for silver disclosed
Evidence · table
“4.7”
Context: 20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (4)
acid-leachsalazar · rare earth elementsRecovery: 69 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- salazar
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- WC1
Test Work
- Program Status
- preliminary
- Test Type
- acid-leach
- Processing Route
- sulphuric acid leaching
Recovery
- Recovery
- 69 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-30T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated preliminary sulphuric acid leaching testwork achieved 69% extraction for rare earth elements (TREE+Y). This is not directly comparable to prior scandium recovery figures and is subject to further optimization.
Negative factors
- Preliminary results subject to optimization and scale-up
- Not directly comparable to prior scandium recovery figures
Evidence · text
“Initial sulphuric acid leaching achieved up to 69% TREE+Y extraction, with consistent response between the two ore types.”
Fact 2bulla park · copperRecovery: 94.6 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Recovery
- Recovery
- 94.6 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated high copper recovery from metallurgical testwork, indicating good processing potential for the primary metal, though test scale is not specified.
Positive factors
- High recovery for copper
Negative factors
- Test scale not specified, likely bench scale
Evidence · text
“Metallurgical testwork has demonstrated recoveries of 94.6% Cu”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 94.6% is at or above the exceptional band (92%)
Fact 3bulla park · antimonyRecovery: 84.1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- antimony
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Recovery
- Recovery
- 84.1 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated strong antimony recovery from metallurgical testwork, indicating good processing potential for this critical byproduct, though test scale is not specified.
Negative factors
- Test scale not specified, likely bench scale
Evidence · text
“84.1% Sb”
Fact 4bulla park · silverRecovery: 82.6 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- bulla park
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- WC1
Recovery
- Recovery
- 82.6 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-04-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Re-stated strong silver recovery from metallurgical testwork, indicating good processing potential for this byproduct, though test scale is not specified.
Negative factors
- Test scale not specified, likely bench scale
Evidence · text
“and 82.6% Ag”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.